Brian Shore (Insider Trades), chairman of the board and CEO of Park Electrochemical Corp. (PKE), bought 10,000 shares of the company on Aug. 5. The average price per share was $17.70, for a total transaction of $177,000. Park Electrochemical Corp. specializes in polymer chemistry formulation and coating technology. The company develops and manufactures radio frequency and microwave printed circuit materials for telecommunications and internet infrastructure. PKE’s market cap is 367.53 million, and P/S ratio is 2.45.
Shore sold 477,200 shares of PKE in 14 transactions, and bought 10,000 shares of the company in one transaction since December 2012. Park Electrochemical President and COO, Christopher Mastrogiacomo (Insider Trades), bought 1,000 shares of PKE at an average price of $21.82 per share on May 14. This is Mastrogiacomo’s only transaction with the company. There were 41 insider trades with the company since July 2004; PKE insiders made five transactions totaling 13,160 shares, and 36 transactions totaling 588,656 shares since then. The earliest insider buy of the company decreased about 20% since purchase in June 2006. The number and volume of insider buys increased from 2013 to 2015, corresponding to a decrease in month-end price during that period of time. The volume and number of insider buys increased from 910 to 11,250 shares, and one to two trades. The month-end price in 2013 ranged from approximately $25 to $27 per share, while the month-end price for the first two-thirds of 2015 ranged from about $21 to $17 per share. For more information about insider transactions with Park Electrochemical Corp., click here. Continue Reading »